X-Terra Resources Comments Recent Work at Adina Lithium Project
X-TERRA RESOURCES COMMENTS RECENT
WORK AT ADINA LITHIUM PROJECT
ROUYN-NORANDA, QC
,
Nov. 7, 2022
/CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT)
(FRANKFURT: XTR) ("
X-Terra
") is interested with the recent work Winsome Resources (ASX:
WR1) has completed at its Adina project, which lies directly adjacent and on strike to X-Terra's
100% owned Liberty Lithium property in
James Bay
region, Québec (see X-Terra press release
dated
June 8, 2022
).
Recent drilling by Winsome has highlighted more than 160 metres of pegmatite collectively
intercepted in drilling below the recently discovered Jamar outcrop at Adina. In addition, most recent
assays from the Jamar outcrop have yielded exceptional grades of up to 4.89% Li2O (see Winsome
press release dated
October 28, 2022
).
"Winsome Resources have made a very important discovery in their recent drilling program at Adina,
highlighting the potential for another significant lithium deposit. X-Terra has completed its
compilation and targeting initiatives and expect commencing an exploration program shortly, as the
weather permits", stated
Michael Ferreira
, President and Chief Executive Officer of X-Terra.
(CNW Group/X-Terra Resources Inc.)
Q
u
alified Person
Jeannot Théberge, P. Geo registered in the Province of Québec, a consultant to X-Terra, a qualified
person
under National Instrument 43
101 Standards of Disclosure for Mineral Projects
has
reviewed the technical contents of this news release and has approved the disclosure of the
technical information contained herein.
About X-Terra
X-Terra Resources is a resource company focused on acquiring and exploring precious
metals properties in
Canada
.
Forward-Looking Statements
This news release contains statements that may constitute "forward-looking information" within the
meaning of applicable Canadian securities legislation. Forward-looking information may include,
among others, statements regarding the future plans, costs, objectives or performance of X-Terra
Resources, or the assumptions underlying any of the foregoing. In this news release, words such as
"may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate"
and similar words and the negative form thereof are used to identify forward-looking statements.
Forward-looking statements should not be read as guarantees of future performance or results, and
will not necessarily be accurate indications of whether, or the times at or by which, such future
performance will be achieved. No assurance can be given that any events anticipated by the
forward-looking information will transpire or occur, including any exploration programs on or the
development of, the Liberty Lithium property, the results from exploration assays, the timing of the
exploration programs and development of the Liberty Lithium, or what benefits X-Terra will derive
from the Liberty Lithium property. Forward-looking information is based on information available at
the time and/or management's good-faith belief with respect to future events and are subject to
known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which
are beyond X-Terra Resources' control. These risks, uncertainties and assumptions include, but are
not limited to, those described under "Financial Instruments" and "Risk and Uncertainties in X-Terra
Resources' Annual Report for the fiscal year ended
December 31, 2021
, a copy of which is available
on SEDAR at
www.sedar.com
, and could cause actual events or results to differ materially from
those projected in any forward-looking statements. X-Terra Resources does not intend, nor does X-
Terra Resources undertake any obligation, to update or revise any forward-looking information
contained in this news release to reflect subsequent information, events or circumstances or
otherwise, except if required by applicable laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
the release
SOURCE
X-Terra Resources Inc.
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For further information:
X-Terra Resources Inc., Michael Ferreira, President and Chief Executive
Officer, 147 Québec Avenue (back door), Rouyn-Noranda, Québec, J9X 6M8, E-mail:
[email protected], Website: www.xterraresources.com
CO: X-Terra Resources Inc.
CNW 08:00e 07-NOV-22